Hamilton was right in creating US mint
stonej
Arizona Coin Collector
"stonej" <sto...@mail.lib.msu.edu> wrote in message
news:b67c1744-f6be-43e4...@26g2000hsk.googlegroups.com...
> http://www.numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=5465
Hello
I do agree that the Federal Government should
Help the financial marks when they are in
Stress. I do not think the Federal Government
Should nationalize the banks by buying stock
In them. (Or near nationalize).
That sort of action does not give me a lot of
Confidence in the U.S. Treasury actions. We
Have seen how well the Federal Government
Has manage "freddie-mac", and "fanny-may".
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A standard of economics is that a government steps into
markets when there are market failures. This was
cemented in United States public policy with the
interstate commerce clause of the Constitution.
Alexander Hamilton explained this rationale in the
Federalist Papers arguing in the context of the
necessity for a common defense of all states to protect
the commerce for all.
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